Topic
securities
Finance NSE proposes stricter eligibility norms for authorised persons to strengthen investor protection
The National Stock Exchange has proposed stricter eligibility norms for Authorised Persons, including minimum net worth of ₹5 lakh for individuals and ₹25 lakh for firms. The consultation paper, prepared jointly with SEBI, also mandates disclosure of accounts and technology safeguards, with comments invited till 27 August.
Business Sebi says no closing auction rollback, tells brokers to display CAS prices
Sebi has ruled out rolling back the newly introduced Closing Auction Session (CAS) despite teething troubles, telling large brokers to create investor awareness and display CAS prices on their platforms, according to a Business Today report. The regulator's position emerged as market participants flagged a sharp Nifty 50 spike on NSE after normal trading and NSE-BSE price divergence.
Finance SEBI Clarifies Unlisted Share Sale Rules: 200-Buyer Private Deal Limit
SEBI has clarified that private sales of unlisted company shares to up to 200 buyers in a financial year will not be treated as a public issue. The clarification, issued to IDBI Bank in a published letter, permits non-advertised, privately negotiated transfers and preserves promoter rights such as right of first refusal.
Finance NSE settles pending Sebi cases for nearly Rs 1,500 crore
NSE will pay nearly Rs 1,491 crore to settle pending regulatory cases with Sebi after the regulator accepted the revised settlement terms in principle. The settlement covers the co-location and dark-fibre cases and clears the path for NSE's IPO, for which the exchange has already filed the offer document.
Business Axis AMC Acquires Rs 12,000 Crore PMS Business from Axis Securities, Adds 2,500 Investors
Axis Asset Management Company (Axis AMC) will acquire the portfolio management services (PMS) business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management (AUM) to around Rs 15,000 crore. The deal is among the largest PMS transactions in India by investor count and strengthens Axis AMC's alternatives platform. Naveen Kulkarni has been appointed chief investment officer for PMS and listed equity alternates.
Logistics Evergreen Marine Raided by Taiwanese Prosecutors in Insider Trading Probe
Taiwanese prosecutors raided Evergreen Marine's premises and questioned nine suspects in an insider trading probe tied to a 2023 related-party transaction worth NT$13.35bn ($417m). Evergreen confirmed the search, is cooperating, and stated there is no significant impact on its financial condition or business operations. The investigation adds regulatory scrutiny to one of the world's largest container lines, which benefited heavily from the pandemic freight boom.
Sebi eases share transfer for legal heirs, reintroduces open market buybacks
The Securities and Exchange Board of India (Sebi) has streamlined the process for transferring securities of deceased investors to legal heirs, eliminating the need for probate of wills and separate affidavits. The regulator also doubled small-value claim thresholds and reintroduced open market buybacks via the stock exchange mechanism. Additionally, Sebi eased intra-day borrowing for mutual funds and approved a new code of conduct for its employees.
Finance Sebi Clears SBI Mutual Fund IPO; ₹13,000 Crore Share Sale Expected Next Month
According to a Business Today report, the Securities and Exchange Board of India (Sebi) has cleared the initial public offering (IPO) of SBI Mutual Fund. The ₹13,000 crore share sale is likely to be launched next month, marking a significant milestone for the mutual fund industry.
Finance Sebi brings back stock exchange buybacks, clears faster fundraising route for AIFs
The Securities and Exchange Board of India (Sebi) has reinstated stock exchange buybacks and cleared a faster fundraising mechanism for alternative investment funds (AIFs), according to a report by the TOI Business Desk in The Times of India. The article also includes links to various financial calculators.